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Benzinga
Benzinga
Business
Avi Kapoor

G-III Apparel Analysts Increase Their Forecasts After Better-Than-Expected Q2 Results

GIII Group GIII Apparel Group
Kiev,,Ukraine,-,Jan,22,,2019:,G-iii,Apparel,Group,Clothing

G-III Apparel Group (NASDAQ:GIII) posted better-than-expected earnings for the second quarter but slashed its full-year outlook, warning of weaker earnings and sales despite topping second-quarter profit and revenue estimates.

The company reported second-quarter adjusted earnings per share of 25 cents, beating the analyst consensus estimate of 9 cents. Quarterly sales of $613.266 million (down 5% year over year) outpaced the Street view of $571.312 million.

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